BankMed (Suisse) SA reinforcing its investment team

Fadi Halout, Chief Executive Officer of BankMed (Suisse) S.A., is pleased to announce the appointment of Laurent Perusset as Chief Investment Officer as of May 1st, 2020.

Benefiting from a long experience in investment dedicated to wealth management, Laurent brings his know-how in asset allocation, his advanced skills in investment advice in particular to private clients and his expertise in setting up both discretionary and advisory offering.

Fadi Halout affirms that Laurent Perusset enrollment is part of a long-term development plan to position BankMed (Suisse) SA as a recognized market player in the wealth management sector.

The year 2020 marks the 35th anniversary of BankMed (Suisse) in Geneva.

In view of the above mentioned elements, the potential for a further sharp fall seems limited. That said, it is difficult to be enthusiastic about market at the moment when listing all the risks.

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Obviously, the first half of 2022 has not been rewarding for investors. Between inflation, rising rates and the tense geopolitical context, only commodities have shown a positive return since the beginning of the year. In this environment, the cryptocurrency universe has been no exception. Indeed, the sector showed a high level of correlation to technology stocks over this period.

In January 2021, we presented 5 investment themes for the year. A particular focus was placed on the harmonized, or even correlated evolution of the largest economic blocs’ monetary policies, and its consequences.

A new World !

Blockchain, Tokens, Staking, Crypto Currencies, NFT’s (Non Fungible Tokens), Digital-Assets, Stable-Coins, Alt-Coins, Meme-Coins, Metaverse, are all terms that may seem barbaric to the neophyte.

Since the mid-2000s, global growth forecasts have been falling and the period we are going through is only accentuating the trend

Rising public deficits coupled with rising external deficits (twin deficits) have caused the Turkish lira to drop sharply. Since the last financial crisis in 2008, the lira has devalued by about 17% per year against the dollar. Over the period, the parity went from 1.20 to 7.80, thus reaching its historical high against the dollar (i.e. its lowest valuation)! This year, the TRY lost more than 30% against the greenback.